Moove Raises $250M to Build the Backbone of Autonomous Fleets

The Lagos-founded mobility operator wants to own the infrastructure layer — depots, charging, maintenance — that makes self-driving scale.

By The Robotics Desk

Moove has closed a $250 million Series C round, pushing its valuation to $2.1 billion and signalling a clear bet: the autonomous vehicle industry's next constraint isn't software — it's the physical infrastructure needed to keep fleets moving around the clock. [1]

The funding will build out what Moove calls 'Nests' — robotics-first depot facilities where autonomous fleets are charged, serviced, maintained, and orchestrated for continuous operation. [1] The round was led by Mubadala Investment Company, Woven Capital, Toyota's Growth Fund, and Ion Pacific, with BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst, and the Ontario Power Generation Pension Plan among the participants. [1]

Moove already operates approximately 42,000 vehicles across 29 cities in 13 countries and employs 3,300 people globally. [1] Through its partnership with Waymo, Moove is already a third-party autonomous fleet operator, with operations live in Phoenix, Miami and future operations in London. [1] The company expects its autonomous vehicle workforce to grow by more than 220% by end of year, from around 150 employees to 500. [1]

The pattern is familiar: every new transport layer eventually hits the same ceiling, where the technology outruns the operations. What's different here is that the infrastructure bet is being placed early, before autonomy reaches saturation.

Moove's expansion includes new market launches globally, backed by acquisitions such as Kovi in Brazil and Tokyo Taxi in Japan — a supply chain for AV operations assembled before most cities have a single robotaxi on the road. [1]